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Solow Corp. has a bond with annual interest payments of $140 maturing in 16 years at a value of $1,000 per bond. The current market

Solow Corp. has a bond with annual interest payments of $140 maturing in 16 years at a value of $1,000 per bond. The current market price is $820. What will the nominal yield be?

A. 17%

B. 18%

C.16%

D. 14%

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